Be Prepared for Claims of Sexual Harassment in the Workplace

Most people don’t want to accept that sexual harassment can happen at work with people you see nearly every day. However, ignoring the truth only means people may end up hurt and the company can suffer monetary and reputational damages. Fortunately, sexual misconduct insurance offers liability to companies in the event such a situation occurs.

Reasons a Claim Is Filed

Harassment can come in the form of inappropriate language and physical actions, such as touching. It can also happen during the day at work or during a company party when alcohol is involved. Either way, the company is responsible to some extent. If a claim is filed against your company, a lawsuit usually results from the following:

  • Inadequate training on appropriate behavior
  • Failure to take necessary disciplinary measures against guilty employees
  • Negligence during hiring
  • Inaction when an employee reports an instance of harassment

Protecting Your Company From Sexual Harassment Claims

While there is no guarantee that your business will be rocked by a sexual harassment claim, it is important to be protected with sexual misconduct insurance. According to World Wide Speciality Programs, this type of insurance policy can help companies when a sexual harassment claim is filed. Unfortunately, you cannot control everyone’s actions in the workplace, but you can take measures into your own hands and be ready.

How Oil Companies Can Protect Their Assets

In the oil and gas industry, spills are a major concern. The experts at New Mexico’s insurance agency explain that U.S oil and gas companies produce billions of gallons of wastewater every year. The oil and gas industries have to do better than this. For individual companies, it is important to have policies in place that reduce the risk of spills in the future. Spill reporting policies, for instance, are one way that companies can mitigate the risk. Likewise, oil companies require insurance policies that address the company’s special needs.

Risk Management

Oil spills and waste are risks that oil companies take. Sometimes, business owners and managers aren’t sure of how to lessen that risk. Fortunately, some insurance companies are willing to help businesses create a risk management plan.

Insurance Policies

The insurance policies are designed to protect the business and its assets. All businesses require general liability coverage, risk management, and loss control. For the oil and gas industry, you may need much more and different policies than other industries. An oil spill is expensive and it can damage your reputation.

When you work in the oil industry, water pollution from oil can be prevented by the right risk management policies. If you don’t have the right policies or coverages, it could spell out trouble.

Three Tips For Company Vehicles

Deciding to use company vehicles requires a lot of responsibility and trust between the company and the employee. Aside from ensuring that your staff is equipped with their driver’s licenses and are wearing their seatbelt, what else can you do as a business owner to protect your employees and the company vehicles they drive?

Insure Immediately

Before anybody gets behind the wheel of that vehicle, you must get it insured. Different kinds of insurance plans will cover different things; for example, CPP insurance plans will cover commercial auto insurance, but it will not cover something like a professional liability. To learn more about CPP plans, check out https://www.dsayles.com.

Install Dash Cameras

Part of safety in commercial vehicles these days is having footage of what goes on inside of them. This is for more than just being sneaky and seeing what staff is up to while driving, it’s more for their safety than anything; dash cams can prevent fines and lawsuits thanks to video footage saving the day.

Track Mileage

Tracking mileage doesn’t always have to do with how much you trust of like your employees, it’s a matter of maintenance. You need to know how much and how often the vehicle is being used, and knowing what kinds of loads it hauls and distances it travels can give you valuable data.

Whether you’ve got a fleet of trucks or a sedan for each worker, deciding to use company vehicles is a big decision. Make it the right one by doing your part to keep all parties safe on the road.

Get the Insurance Made for the Insurance Profession

Error & obligation coverage is basic for just about every kind of business, but the specific incidents covered can vary a lot from industry to industry. That’s why it’s best to advise clients to work with an agent who understands their field. E&O insurance for insurance agents is no different, it’s best when it’s designed by people who really understand the industry, the commitments we make to our clients, and the exposure agents and brokers face as they help connect individuals and businesses to the carriers that work best for their needs.

Claims and New Coverage

It’s not exactly a secret that E&O coverage can be hard to find if you’ve filed a claim with a previous insurer, but there are changes coming. According to Axis Insurance, there are programs like theirs built just for companies who have claims on their records. Insurance is meant to be there for you when the unexpected happens, so you’re not short on resources while you recover. No one should be punished for having to use a product after buying it, especially not the people whose job it is to act as ambassadors for the profession. If you’re looking for new coverage and you’re having trouble finding competitive rates, look for an insurer whose commitment is to providing coverage to agents like yourself, and see what’s out there to help keep you moving forward.

Finding Protection for Corporate Fiduciaries

Officers and directors of corporate entities are often left with potential liability exposure unique to their position. When those risks crop up, the issue is a gray area of the law around indemnification, one that can undermine a policy and leave companies and their officers exposed in the event of a major incident. Owens Group provides protection for these individuals, with plans that are built to provide robust coverage and an approach to insurance that involves educating clients and helping them make better decisions about how to protect themselves and their companies.

Issues With Indemnification

The issue at hand is that of presumptive indemnification, which can expose directors and officers to personal liability if they are not indemnified by the company to the fullest extent provided for by law. The presumption in most policies covering key operators is that the company will indemnify the people in these roles, and if it does not fully do so, there’s a retention clause that forces the policyholder to pay up a larger retainer, which functions essentially like a deductible. This helps ensure they will indemnify those operators by making the policy less valuable if they do not. It can be a powerful tool to keep companies from scapegoating a member of the board when something goes wrong, but it does need to be handled correctly to work as intended, which is why it matters who you choose when setting up a policy.

A Grim, But Responsible Purchase

Purchasing life insurance is one of those things that you never hope to use, but are glad you bought it anyway. If you’re unsure whether or not to buy a life insurance package, consider the costs it covers and why it might be worth spending the money on.

Medical Expenses

Nobody likes to think about it, but if you were in some sort of accident and needed expensive medical attention, those bills don’t disappear simply because you pass away. Your insurance can cover these rather than leave your family responsible for them.

Funeral Costs

The average American funeral costs around $7,000, which not everyone has in their back pocket at any given moment. A life insurance package can cover things like cremation and caskets as well as headstones and burial sites.

Your Family’s Well-Being

Packages range from modest to expensive, but no matter how much money you have on your policy remember that you want the best for your family even after you’re gone. If you can give your family even in the smallest bit of peace of mind after your passing then that in itself is worth the purchase.
Deciding to buy life insurance is a weighty choice, and life insurance agents are standing by in case you have any questions. You want to be there for your family as long as possible, but it can be comforting to know they have a nest egg in case the unthinkable were to happen.

What Makes a Good Insurance Company?

Not all insurance providers are created equal, which is one of the reasons consumers take plenty of time to choose where to purchase a policy. That being said, there are certain qualities of an insurance agency that help good providers stand out.

The Top 3 Characteristics of a Good Company

Just because the price of a policy is attractive doesn’t mean the company itself is reputable or trustworthy. When researching your options and deciding on which insurance provider to choose, be sure to look for the following three aspects:
Excellent customer service: This includes helping consumers find the right policy and processing claims quickly.
Plenty of services: The provider should be able to meet your needs, whether it is for your personal life or your business. For more information about the services offered by a quality insurance provider, see the examples listed by Moody Insurance Worldwide.
Transparent terms: A trustworthy company clearly states the terms and conditions of their services and does not hide anything from you.

Don’t Settle for Less

When you choose an insurance company, there are many characteristics to look for. However, the three listed above are some of the most important qualities of an insurance agency you should focus on to receive the service and products you desire.

Understanding General Liability Insurance

If you own a business, you know how important liability coverage can be for protecting your legal responsibilities. However, before you purchase any insurance program you should be sure you understand the general liability definition and what this policy can do for you.

What General Liability Is

General liability is a comprehensive insurance policy that offers protection against claims from several parties, including employees, business owners, vendors and the public. In many cases, the state government requires businesses to have this type of insurance in order to operate legally. The policy itself can safeguard your business against the following types of claims:

Negligence
Workplace injuries
Faulty products

When you have a general liability insurance policy, you can make sure medical and legal fees are covered so you do not have to pay these costs out of pocket. In short, this insurance plan protects your business by providing coverage against claims from all possible parties and even covers the costs associated with settlements. No matter what type of business you have, this policy is good to have for added security.

Protect Your Business With General Liability

Owning a business can be risky, but having an insurance policy that protects you can provide peace of mind. The only problem is choosing the right plan, but understanding the difference between policies can make things easier. Now that you know the general liability definition, you can choose which policy is right for you.

Creating a Solid Foundation for Los Angeles Families

While most people do quite well in adapting to life’s curveballs, some look back at their past actions wishing they could have done things differently to create a potentially better outcome. Instead of learning through trial and error, it can be helpful to learn from others experiences, especially those in similar situations who have forged the path. For young families in Los Angeles, there are many things that they can do today that can lay the groundwork for a successful future. Whether it’s building credit, purchasing their first home or finding the best family insurance Los Angeles families can utilize the best local services to accomplish those goals.

Setting Things Up for Success

While some may argue that some things are better done late than never, starting certain habits early can generate even more rewards in the future. Some things to think about doing as early as possible include the following:

Avoiding debt by spending within your means

Creating a budget with savings goals in mind and sticking to it
Investing in accounts, such as a retirement plan, that can earn compound interest
Remembering that when searching for local family insurance Los Angeles agents can be a good first resource

If there is an opportunity to get started with these goals today, it can be a wise decision to do so. After all, putting in the work early on can mean a more secure future that can be more easily enjoyed.

Comprehensive Coverage for Staffing Agencies

Comprehensive Coverage for Staffing Agencies

Some businesses rely on temporary staffing agencies when they are short on staff during holiday seasons or when work is particularly heavy. However, providing staffing services means you face legal risks, which is why temporary staffing insurance is so important.

The Coverage You Need

Every business needs some kind of insurance, but staffing agencies face unique risks. Oftentimes, these firms can find themselves in the crosshairs of both worker and company squabbles. This can escalate from small debates to legal battles, but the right kind of coverage can protect your staffing business and help in the event of a lawsuit by providing the following types of coverage:

Property insurance

Auto insurance

Professional liability

General liability

Workers’ compensation

Managing the relationship between workers and companies can be stressful and cause legal difficulties, which is why temporary staffing insurance is so valuable to your business. Being covered means you can prepare for the worst case scenario while providing your services to companies who need it most and mitigate risks at the same time.

Keeping Your Company Safe

Your business provides dependable staffing solutions to companies that need to fill in an employee shortage. Temporary staffing insurance can protect your business when disputes between workers and companies arise, so you can focus on providing your services and not on a legal battle.